Kohl's Corporation (NYSE:KSS) Announces Quarterly Earnings Results

KSS PE Ratio data by YCharts

KSS PE Ratio data by YCharts

The company's net income rose to $208 million, or $1.24 per share, in the quarter ended July 29, from $140 million, or 77 cents per share, in the year-ago period. Kohl's Corporation also was the recipient of some unusual options trading on Wednesday. The stock has "Hold" rating by Wellington Shields on Tuesday, November 15. Johnson Financial Group Inc. raised its stake in shares of Kohl's Corporation by 30.9% in the first quarter. Moreover, Ubs Asset Mngmt Americas Inc has 0.04% invested in Kohl's Corporation (NYSE:KSS) for 739,715 shares. Equities research analysts predict that Kohl's Corporation will post $3.68 EPS for the current year.

In the quarter ended July 29, Kohl's comparable sales (a metric that excludes new and recently closed stores) fell 0.4%, not great, but not almost as severe as the 1.5% drop Wall Street analysts feared, according to Consensus Metric. Public Employees Retirement System of Ohio's holdings in Kohl's Corporation were worth $3,127,000 at the end of the most recent quarter.

Company shares last traded at $39.50 a tad below the 50 day moving average of $39.58 and a tad above the 200 day moving average of $39.38. (NASDAQ:BEAT) to report $ 0.24 EPS and has got OUTPERFORM rating from 3 of Thomson Reuters analysts and 0 analyst (s) given UNDERPERFORM rating. The firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.12 billion.

Several analysts have released their opinion on Kohl's Corporation (NYSE:KSS), with 3 analysts believing it is a strong buy.

Kohl's Corporation (NYSE:KSS) announced a quarterly dividend on Thursday, August 10th, RTT News reports. Manning & Napier Advisors LLC boosted its stake in shares of Kohl's Corporation by 24.6% in the first quarter. Instinet reaffirmed a "buy" rating and issued a $51.00 target price (up previously from $41.00) on shares of Kohl's Corporation in a research note on Thursday. The firm's revenue was down.9% on a year-over-year basis. These efforts have included shrinking hundreds of stores rather than closing them, on the bet that Kohl's needs some presence near its customers to offer online order pickup or to fill e-commerce orders, but perhaps doesn't need sprawling emporia everywhere. Finally, Penserra Capital Management LLC purchased a new position in shares of Kohl's Corporation during the second quarter valued at about $146,000. The stock's average target of $321.75 is 17.57% above today's ($273.66) share price. The institutional investor owned 78,550 shares of the company's stock after selling 5,912 shares during the period.

Meanwhile Macy's, which is closing 68 stores this year, said Thursday its same-store sales fell 2.5% and transactions dropped 5.5%. Deutsche Bank AG upped their price objective on shares of Kohl's Corporation from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Friday, May 12th. The Kansas-based Tortoise Capital Advisors L.L.C. has invested 4.92% in the stock. This represents an increase of approximately 603% compared to the average volume of 2,886 call options. Company shares have been seen trading -54.26% off of the 52 week high and -0.38% away from the 52 week low. Midas Management Corporation has invested 0.66% in Kohl's Corporation (NYSE:KSS). (NYSE:M). At the time of writing, the First Call consensus price target for the company is $25.83. Gulf International Bank UK Ltd increased its stake in Kohl's Corporation by 5.4% in the first quarter. Towne Bank had 7 analyst reports since August 24, 2015 according to SRatingsIntel. Kohl's Corporation has a dividend payout ratio of 60.9% indicating that its dividend is sufficiently covered by earnings. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & worldwide trademark and copyright law. The original version of this news story can be viewed at https://www.thestockobserver.com/2017/08/10/kohls-corporations-kss-sell-rating-reaffirmed-at-otr-global.html. Eubel Brady & Suttman Asset Management Inc owns 230,473 shares or 3.42% of their U.S. portfolio. During the same period in the prior year, the business earned $0.31 EPS. The Firm operates approximately 1,154 Kohl's department stores, a Website (www.Kohls.com), approximately 12 FILA outlets, and approximately three Off-Aisle clearance centers. The Company's stores and Website sell moderately-priced private label and national brand apparel, footwear, accessories, beauty and home products.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.